Plugs and Socket Price in Ecuador - 2022
Contents:
- Plugs and Socket Price in Ecuador (CIF) - 2022
- Plugs and Socket Price in Ecuador (FOB) - 2022
- Plugs and Socket Imports in Ecuador
- Plugs and Socket Exports in Ecuador
Plugs and Socket Price in Ecuador (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $0.1 per unit, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($0.2 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Ecuador (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.5 per unit, waning by -18.9% against the previous year. Overall, the export price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 90%. The export price peaked at $1.1 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($0.8 per unit), while the average price for exports to Panama ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+223.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Ecuador
Plugs and socket imports into Ecuador plummeted to 126M units in 2022, falling by -21.4% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of 160M units, and then contracted dramatically in the following year.
In value terms, plugs and socket imports contracted to $15M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports reached the peak of $17M, and then shrank in the following year.
| Import of Plugs and Socket in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 5.4 | 9.9 | 8.5 | 11.1% |
| Mexico | 1.4 | 0.8 | 1.6 | 1.6 | 4.6% |
| United States | 1.5 | 1.7 | 1.6 | 1.6 | 2.2% |
| Costa Rica | 1.3 | 1.1 | 1.4 | 1.3 | 0.0% |
| Colombia | 0.8 | 0.7 | 0.9 | 0.9 | 4.0% |
| Others | 0.8 | 0.9 | 1.4 | 1.1 | 11.2% |
| Total | 11.9 | 10.5 | 16.8 | 15.1 | 8.3% |
Top Suppliers of Plugs and Socket to Ecuador in 2022:
- China (93.6M units)
- United States (10.9M units)
- Mexico (7.1M units)
- Costa Rica (5.5M units)
- Colombia (4.9M units)
Plugs and Socket Exports in Ecuador
In 2022, plugs and socket exports from Ecuador expanded rapidly to 132K units, with an increase of 7.4% compared with 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 349% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, plugs and socket exports declined to $61K in 2022. Over the period under review, exports showed tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of 130%. As a result, the exports attained the peak of $70K, and then reduced in the following year.
| Export of Plugs and Socket in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | N/A | N/A | 27.6 | 0% |
| Cuba | N/A | N/A | N/A | 23.3 | 0% |
| Colombia | 31.6 | 3.3 | 39.0 | 8.1 | -36.5% |
| United States | 0.7 | 6.9 | 0.1 | 0.6 | -5.0% |
| Panama | N/A | N/A | 9.7 | 0.2 | -97.9% |
| Mexico | 3.7 | 0.1 | 2.8 | 0.1 | -70.0% |
| Costa Rica | N/A | N/A | 14.2 | N/A | 0% |
| Azerbaijan | 2.4 | 9.2 | N/A | N/A | 283.3% |
| Others | 15.3 | 10.7 | 3.7 | 0.7 | -64.2% |
| Total | 53.7 | 30.2 | 69.5 | 60.5 | 4.1% |
Top Export Markets for Plugs and Socket from Ecuador in 2022:
- Cuba (64.3K units)
- Chile (36.2K units)
- Colombia (28.3K units)
- Panama (1.0K units)
- United States (0.7K units)
- Mexico (0.4K units)
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